All Posts

 Yes, I learned of the other issues as my federal & state returns were quickly rejected because a form was missing (8283?) for the items donated amount, after passing their error check.  Even worse, I had the same type of donation last year and the software included the form then but missed it this year.  Not too confidence building.  I will try 1/31 to see if the software has been corrected for a resubmittal.

If you're using TurboTax Online and nothing shows in Box 12 (Code W) for an HSA, try clearing your Cache and Cookies and stepping through the HSA section again.   If your W-2 was imported, you could also try deleting it and re-entering it manually, then going thru the HSA section.  Make sure you indicated you had an HDHP every month.   @sseale66     

not seeing any issue - the cost basis will not get changed, the positive AMD from box 1f will be reported as a negative adjustment in column (g) on Schedule D and Form 8949, bringing the gain/loss to 0, and flipping the AMD over to Schedule B.   (suggest inputting these as one-by-one as reported on 1099B if not using that, which avoids triggering the additional Form 8453 / 1099B reporting to IRS.  if you input at summary level you have to input a negative adjustment)   8949 1099B Input One-By-One

Thanks Patricia.  For wages I think you mean line 26, not 16, at least for the 2025 version. I do see the line 19 which has the total for the Deferral and Profit Sharing.   For others reading, on the desktop version, Click File, Preview, All forms..  so you can actually see the Schedule C line numbers mentioned above. Thanks all!

Check Box 16 on your 1099-R.  Although you may show an amount of state tax withheld in Box 14, Box 16 needs to have an amount entered (usually Box 1 amount).   If you uploaded your 1099-R, you may need to delete/re-enter it manually.    @byrdlynda 

The ability of the parent of a high school student to claim the education credit is limited.  If these courses are provided by an eligible college, this cost qualifies for the Lifetime Learning Credit (LLC). The school must have policy of granting college credit for that course, already taken, if the student ever enrolls there. In other words, it is a requirement that the course be a college credit course, even if the student isn't currently a college student. It’s not that the student is post-secondary, it’s that the course is post secondary. Books are not a qualifying expense, unless included in the course fee. You must have paid tuition to the college and not the high school in order to claim the expenses on your return.  The LLC is 20% of tuition paid. https://www.taxact.com/support/22177/2023/education-credits-high-school-student-taking-college-classes?hideLayout=False As @KrisD15  said, high school students are not usually eligible for the more generous American Opportunity Credit (AOC), unless they are officially enrolled as a degree candidate.  Even if eligible, you wouldn't want to use the AOC now, as it can only be used 4 times and will be worth more later ($2500/yr rather than $500), in actual college.    In TurboTax (TT), after answering no to being a degree candidate or enrolled in a certificate program, you should get a pop up asking "Was (student name) taking college level classes". Check yes. 

You can trigger Form 8606 if you enter an IRA Contribution in the Deductions section and then designate it as 'non-deductible.'    Here's detailed info on How to Trigger Form 8606.   @richardR1   

The “senior deduction” is added automatically by the software based on the date of birth and filing status you entered into MY INFO.  You do not need to take any extra steps to enter it. (And…the new senior deduction has nothing to do with whether you are getting Social Security)     2025 STANDARD DEDUCTION AMOUNTS SINGLE $15,750  (65 or older/legally blind + $2000) MARRIED FILING SEPARATELY $15,750  (65 or older/legally blind +1600) MARRIED FILING JOINTLY $31,500  (65 or older/legally blind + $1600) HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)     For 2025 through 2028 there is an extra  deduction amount of up to $6000 per individual 65 or older filing Single, MFJ, or HOH which is phased out for taxpayers with modified adjusted gross income over $75,000 for single filers and $150,000 for joint filers.   (The deduction phases out completely at $175.000 Single or HOH, or $250,000 joint)   The $6,000 senior deduction will be calculated on 1040 Schedule 1-A page 2 Part V Enhanced Deduction for Seniors which goes to 1040 line 13b. It is separate and in addition to the Standard Deduction or your Itemized Deductions on 1040 line 12e.  Turbo Tax automatically includes it. IRS Schedule 1-A https://www.irs.gov/pub/irs-dft/f1040s1a--dft.pdf   Need to see it? https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/preview-turbotax-online-return-filing/L77WCkvnu_US_en_US?uid=m681fkhr

You can upload your crypto CSV now.  In TurboTax Online, after your first upload (if you have more than one), close the program, clear your Cache and Cookies and proceed with the next one.   Go to Wages & Income > Investments and Savings, Add Investments. Select "Enter a Different Way"  and choose "Upload ". Then drag and drop your CSV file.    @summerscarol